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2. Mortgage points: What are they and how do they work? - AOL

   www.aol.com/finance/mortgage-points-192840885.html

   By buying these points, you reduce the interest rate of your loan, typically by 0.25 percent per point. You can often buy a fraction of a point or up to as many as three whole points — sometimes ...

3. Mortgage Points: What Exactly Are They? - AOL

   www.aol.com/mortgage-points-exactly-190013333.html

   In most cases, a mortgage point is 1% of your mortgage loan amount, purchased at closing, that reduces your interest rate by 0.25%. On a $300,000 loan at 7% interest, one point would cost $3,000 ...

4. 6 ways to get the lowest rate on your next mortgage - AOL

   www.aol.com/finance/how-to-get-best-mortgage...

   6. Do the math before buying points. Some lenders give you the option to buy "points" in order to reduce your interest rate. One point typically costs 1% of your loan amount.

5. Discount points - Wikipedia

   en.wikipedia.org/wiki/Discount_Points

   Loan qualification based on monthly income versus the monthly loan payment may sometimes only be achievable by reducing the monthly payment through the purchasing of points to buy down the interest rate, thereby reducing the monthly loan payment. Discount points may be different from origination fee, mortgage arrangement fee or broker fee ...

6. ‘Discount Points’ Could Lower Your Mortgage Payment ... - AOL

   www.aol.com/finance/discount-points-could-lower...

   If you're buying a home in a high interest rate environment, there's a handy little hack that can enable you to reduce your rate over time, known as "discount points" or "buying down the rate ...

7. Buying down mortgage rates wasn’t worth it in 2023, experts ...

   www.aol.com/finance/buying-down-mortgage-rates...

   Buying down mortgage rates wasn’t worth it in 2023, experts say, and won’t be worth it in 2024. ... On a $400,000 loan, purchasing one point translates to $4,000 owed at closing. Discount ...